B. Riley Wealth Advisors Inc. Has $785,000 Stake in British American Tobacco p.l.c. (NYSE:BTI)

B. Riley Wealth Advisors Inc. trimmed its stake in shares of British American Tobacco p.l.c. (NYSE:BTI) by 19.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,780 shares of the company’s stock after selling 5,855 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in British American Tobacco were worth $785,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of BTI. O Brien Greene & Co. Inc increased its stake in shares of British American Tobacco by 1.7% during the second quarter. O Brien Greene & Co. Inc now owns 17,102 shares of the company’s stock worth $529,000 after purchasing an additional 289 shares during the period. 1832 Asset Management L.P. raised its stake in British American Tobacco by 4.2% in the 1st quarter. 1832 Asset Management L.P. now owns 8,969 shares of the company’s stock worth $274,000 after purchasing an additional 363 shares in the last quarter. Gallacher Capital Management LLC boosted its holdings in British American Tobacco by 3.8% in the 1st quarter. Gallacher Capital Management LLC now owns 11,100 shares of the company’s stock valued at $339,000 after purchasing an additional 402 shares during the period. Dearborn Partners LLC raised its position in shares of British American Tobacco by 5.0% in the first quarter. Dearborn Partners LLC now owns 8,853 shares of the company’s stock valued at $270,000 after buying an additional 425 shares in the last quarter. Finally, Moody National Bank Trust Division boosted its stake in shares of British American Tobacco by 6.3% in the first quarter. Moody National Bank Trust Division now owns 7,802 shares of the company’s stock valued at $238,000 after buying an additional 465 shares during the period. Institutional investors and hedge funds own 21.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Morgan Stanley lowered British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price on the stock. in a report on Thursday. StockNews.com lowered shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th.

British American Tobacco Stock Up 0.5 %

NYSE BTI opened at $35.29 on Friday. British American Tobacco p.l.c. has a fifty-two week low of $28.25 and a fifty-two week high of $39.54. The business has a fifty day moving average price of $36.97 and a two-hundred day moving average price of $32.97. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58. The stock has a market capitalization of $78.37 billion, a PE ratio of 7.29, a PEG ratio of 1.98 and a beta of 0.52.

About British American Tobacco

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.